Owen LaRue LLC Increases Stake in First Trust Merger Arbitrage ETF (NYSEARCA:MARB)

Owen LaRue LLC boosted its position in First Trust Merger Arbitrage ETF (NYSEARCA:MARB) by 0.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 209,702 shares of the company’s stock after buying an additional 1,574 shares during the quarter. First Trust Merger Arbitrage ETF makes up approximately 4.0% of Owen LaRue LLC’s portfolio, making the stock its 6th biggest position. Owen LaRue LLC owned about 0.06% of First Trust Merger Arbitrage ETF worth $4,228,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Commonwealth Equity Services LLC raised its position in First Trust Merger Arbitrage ETF by 1.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 49,918 shares of the company’s stock valued at $1,005,000 after purchasing an additional 607 shares during the last quarter. Stratos Wealth Advisors LLC grew its position in First Trust Merger Arbitrage ETF by 8.9% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 13,872 shares of the company’s stock worth $279,000 after purchasing an additional 1,131 shares during the period. Kure Advisory LLC bought a new position in First Trust Merger Arbitrage ETF in the third quarter valued at about $4,484,000. Beacon Financial Advisory LLC purchased a new position in shares of First Trust Merger Arbitrage ETF in the third quarter worth approximately $289,000. Finally, Park Avenue Securities LLC purchased a new position in First Trust Merger Arbitrage ETF in the third quarter valued at about $273,000.

First Trust Merger Arbitrage ETF Price Performance

First Trust Merger Arbitrage ETF stock traded up $0.04 during mid-day trading on Wednesday, reaching $19.58. 144,981 shares of the company traded hands, compared to its average volume of 26,557. The firm’s fifty day moving average is $19.72 and its two-hundred day moving average is $19.92. The company has a market capitalization of $45.03 million, a price-to-earnings ratio of 13.98 and a beta of 0.07. First Trust Merger Arbitrage ETF has a fifty-two week low of $19.18 and a fifty-two week high of $20.45.

About First Trust Merger Arbitrage ETF

The First Trust Vivaldi Merger Arbitrage ETF (MARB) is an exchange-traded fund that mostly invests in long\u002Fshort alternatives. The fund is an actively-managed global fund that uses a merger arbitrage strategy to long takeover target and short the acquiring company. MARB was launched on Feb 4, 2020 and is managed by First Trust.